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Plan and Calculate a balance sheet following the table provided (amounts are only examples, can be changed). Balance Sheet Page 1_Chapter 4 Balance Sheet Page
Plan and Calculate a balance sheet following the table provided (amounts are only examples, can be changed).
Balance Sheet Page 1_Chapter 4 Balance Sheet Page 2_Chapter 4 W 3 WORKSHEET Balance Sheet - Calculating Your Net Worth - alue Aspets Cash Checking Savings CDs Money Market Funds Other Monetary Assets A Monetary Assets - AL- + Mutual Funds Stocks Bonds Life Insurance (cash-value) Cash Value of Annuities Investment Real Estate (REITS partnerships) Other investments B Investments $1500 + + + + B S1500 + + EPF Investment (1) Investment (2) Investment (3) Other Retirement Plans c. Retirement Plans + Primary Residence 2nd Home Time-Shares Condominiums Other Housing D. Housing (market value) D. 50 Automobile 1 Automobile 2 Other Automobiles E Automobiles + + E 50 Collectibles Boats Furniture Other Personal Property E Personal Property - + F Money Owed You Market Value of Your Business Other G. Other Assets + G 30 H. Total Assets (add lines A through G) H S1500 Balance Sheet Page 1_Chapter 4 Balance Sheet Page 2_Chapter 4 W 3 WORKSHEET Balance Sheet - Calculating Your Net Worth continued) Value Liabilities or Debts 1. Current Bills (unpaid balance) 5250 $100 + Visa Master Card Other Credit Cards 1. Credit Card Debt $100 + First Mortgage 2nd Home Mortgage Home Equity Loan Other Housing Debt K Housing + 1 K SO + SO Automobile ! Automobile 2 Other Automobile Loans L. Automobile Loans SO $100 + College Loans / Ppt Loans on Life Insurance Policies Bank Loans Installment Loans Other M. Other Debts + + M $100 IN Total Debt (add lines through M) N $450 + Net Worth H. Total Assets N. Less: Total Debt o.Equals: Net Worth OZE H. N $1500 $450 S1050 Step by Step Solution
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